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The Travelers Indemnity Company.

Sr. Real Estate Asset Manager

The Travelers Indemnity Company. - Saint Paul, MN

Company Information

Solid reputation, passionate people and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.

Job Summary

The Sr. Real Estate Asset Manager is responsible for developing, implementing and directing asset management programs to maximize the value or real estate assets owned by Travelers. Within their investment portfolio, the Sr. Real Estate Asset Manager owns and manages the direct real estate investments of Travelers and functions as a commercial property owner, either on its own or in partnership with real estate developers. The incumbent's portfolio would entail approximately 4.5 million square feet and primarily consist of industrial properties, but might also contain office, residential or retail properties. The role combines the following:


Reviewing credit of tenants

Working with outside counsel to manage the legal aspects of contracts

Factoring environmental risk in to decision making

Executing leasing agreements up to $10,000,000


Annual budgeting and monthly financial reporting

Identifying and negotiating appropriate terms on leases based on market and credits

Collecting rents

Managing the condition of properties in assigned portfolio


Acting as a subject-matter expert in an assigned market from a real estate perspective to assist in decisions to acquire new or disposition existing real estate assets

Perform forecasting and analyze other market trends in assigned markets

The management of large real estate assets requires incumbents to possess a high level of technical competence, financial analysis and industry experience.

Primary Job Duties & Responsibilities

Hires, directs and supervises local property management firms and leasing brokers to ensure that Travelers real estate assets are managed to the highest industry standards, at the most economical operating costs and at the highest rents. Takes corrective actions if/as appropriate.

Hires and supervises technical consultants and outside contractors.

Establishes annual budgets for operating expenses and capital improvement programs for all properties in assigned portfolio.

Monitors the financial and operational performance of each property in assigned portfolio.

Develops and implements action plans to increase rental revenues and reduce operating expenses and property taxes.

Designs leasing programs and develops leasing strategy for properties, in consultation with property managers and leasing brokers.

Analyzes and negotiates leases with total rental obligations by tenant of up to $10,000,000.

Supervises outside attorneys in the preparation of lease documentation.

Represents Travelers with brokers and tenants to enhance the profile of a property within its market.

Develops leads for acquisition within real estate markets where property is owned.

Analyzes leasing markets and trends in all cities where acquisitions are contemplated or where property is owned which could be sold.

Performs due diligence on potential acquisitions to ensure that asset management issues are fully identified prior to purchase by Travelers.

Maintains a complete database on projects competing with currently owned or future real estate acquisitions. This includes lease rates and operating costs within all markets.

Minimum Qualifications

Educational qualifications should include an undergraduate degree in business or engineering. The incumbent should have at least 5 years of experience in commercial real estate. Have a CPM designation or coursework completed towards certification.

Education, Work Experience & Knowledge

10 years of experience in commercial real estate preferred.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer.

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8 days 14 hours ago

The Travelers Indemnity Company.


Sr. Real Estate Asset Manager The Travelers Indemnity Company. - Saint Paul, MN, United States


Location: Saint Paul, MN

Company Profile:
In an uncertain world, Travelers is an insurance leader, committed to keeping pace with the ever-changing needs of our customers, and anticipating their needs for the future. There is no stronger testament to our dedication to protecting customers from loss than our continued innovation and ability to transform our industry.